MSU Foundation

Since its establishment in 1960, the Midwestern State University Foundation, a nonprofit organization, has partnered with Midwestern State University to manage and invest private gifts that benefit the university. Gifts to the MSU Foundation create scholarships, enhance opportunities for students in and out of the classroom, advance faculty endeavors and fund new buildings.

The MSU Foundation manages endowed funds totaling about $23M.  The investments are pooled but represent more than 100 separate donor funds with individual gift agreements between the University and the Donor. The MSU Foundation accepts both current use gifts as well as endowments.

The Foundation is governed by a Board of Trustees consisting of local supporters of MSU. The Board is selected to serve the Foundation based on their professional area of expertise. The Board has expertise in banking and finance and is responsible for determining the most favorable manner to invest and manage the MSU Foundation's assets. The Trustees seek to maintain a portfolio which promotes the growth of the fund's principal while protecting against inflation. This is accomplished by maintaining a balanced investment mix which produces the highest yield yet offers the lowest risk. The Trustees serve without compensation.


Reno Gustafson
Reno Gustafson,
Warren Ayres
Warren Ayres,
Executive Vice President, Eagle Oil & Gas
Tony Fidelie Profile
Guy A. "Tony" Fidelie Jr.,
Attorney, Perdue, Brandon, Collins & Mott, LP
David Welch
Rick Haskins,
Chief Financial Officer, COBRA Oil & Gas
Kevin O'Connell
Kevin O'Connell,
Vice President, American National Bank
Charlie Prothro
Charlie Prothro,
ChFC, CFP, Prothro Blair Financial
Rick Haskin
David Welch,
CPA, Welch, Sanders & Associates, LLP

The MSU Foundation Federal Tax ID number is 75-1101337.

For additional information about the MSU Foundation, contact Tony Vidmar, Vice President for University Advancement and Public Affairs at (940) 397-4782.